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News Link • TAXES: Federal

Why Aren't Americans Filing Their Taxes This Year?

• by Tyler Durden

Disaffected liberals not willing to pay taxes to a government run by Donald Trump?  Families just so flush with cash that they don't need those tax refunds this year?   Americans just getting lazier?

Whatever the reason, Americans are simply not filing their taxes in 2017.  As the Internal Revenue Service recently reported, we're now officially halfway through the 2017 tax filing season and nearly 6 million fewer people have filed their returns than at the same point in 2016, that's an 8.5% decline.  Meanwhile, average refunds are actually up 0.8% but that doesn't seem to matter all that much.

As Bloomberg points out, this has been a consistent trend throughout the 2017 tax season.

Meanwhile, there are several potential reasons why Americans may not be filing their taxes this year:

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